Tuesday, 25 July 2017

With
digitization, technology has transformed the BFSI (Banking and Financial
Services and Insurance) industry over the last few years. Technological
advancement taking place in the Finance industry is expected to rise at a more
rapid pace during the next decade. It is crucial for people working in this
sector to stay updated with the evolving development strategies if they want to
stay ahead in the competition. The ever-changing regulatory requirements have also
led to the increasing demands for workplace training.

Like
any other services based industry, success of organization in the BFSI industry
depends upon the proficiency of workforces. Workplace training plays a major
role in improving competencies of employees working in this domain. Organizations
in this domain reap the benefits of LMS toprovide e-courseware and meet tailored training needs. Given below are some of
the following training needs of this domain:

·Training
on regulatory aspects

Finance
domain is considered as one of the most heavily regulated industries in today’s
economy. Organizations may face serious issues in case of violation of laws. Therefore,
it is essential to train employees on relevant compliance standards and norms. Implementation
of LMS solutions help meeting compliance demands in an effective manner. With
the help of instructional design techniques, online courses are created to deliver
content on regulatory issues. For instance: Full potential of problem-based
learning can be utilized to increase analysis power of the people. You can
deliver content in the form of scenarios and case studies to explain about
rules and regulations followed by the BFSI industry.

·Training
learners on complex software

In
today’s technology-bound era, complexity of products, software and applications
is increasing with time. Companies are relying on the use of complex software to
boost workplace efficiency, which makes it imperative to impart influential training
to their employees. With e-learning, it is possible to develop training courses
that impart high quality and cost-effective training solutions. Different kinds
of rapid authoring tools are used to create interactive online courses
including simulations, which are used by firms to develop complex financial models.

·Delivering
learning material on financial instruments

BFSI
companies deal with plethora of financial assets including funds, bonds,
banking and insurance products. E-learning helps educating employees through
examples and other instructional tactics on a wide array of products.

·Offering
quality-driven information security training

Loss
of confidential information may lead to disastrous impact on the BFSI industry.
Therefore, it is essential to train employees on data security by using highly
engaged e-learning content. Hands-on activities and brain teasers on data
safety are presented using interactives such as puzzles, quizzes and rollovers.
In addition, workforce training can be imparted on industry regulations while
sharing information on social networks.

Digital learning helps the
Finance industry to provide effective training solutions on regulatory
requirements. It helps financial firms equip their personnel and skills of sophisticated
technology and deliver quality-proven security training. Online courses are
used to provide customized training on different processes followed by financial
firms and financial instruments.